10 results for “Valuation”
Nigerian banking equities have gained about 79% year-to-date, but the sector still trades at deep discounts to book value, Nairametrics reported on Monday, October 26, following the industry’s recapitalisation wave.
SoftBank-backed OPay is seeking up to $366 million with roughly 16 million ADSs priced at $19-$21, targeting a $4.42bn valuation on the NYSE under ticker OPAY with Stanbic Africa investing up to $200m.
The banking group’s 60.84 per cent profit growth drew fresh buying, narrowing the holding-company discount and lifting sentiment on the NGX.
The extension gives more investors time to participate in a landmark listing that tests African capital-market depth and refinery valuation.
African gold reserves rose 113% as central banks diversified away from dollar assets, strengthening resilience but raising valuation and liquidity questions.
Brewer shares have come under pressure as weak demand and cost pressures weigh on valuations.
Nigeria's main stock index fell for a third consecutive week, with banking shares driving an roughly N535 billion loss in market value as investors locked in profits and reassessed valuations.
Renaissance Capital Africa has raised its Dangote Petroleum Refinery valuation to N700.41 per share, a 33.4% premium to the N525 offer price, citing stronger refining margins.
Airtel Money has debuted on the London Stock Exchange in one of the largest African listings in years, with a planned secondary listing in Lagos.
Nigerian fintech OPay has filed for an IPO on the New York Stock Exchange, targeting a valuation of about $4 billion and planning a secondary listing in Lagos.